Zcash grants group offers $124M compromise as governance backlash grows
Summary
Zcash Community Grants proposed redirecting 36,200 ZEC from its treasury and forgoing about 62,000 ZEC in future allocations, sending roughly 98,000 ZEC—about $124 million—to future mining rewards. The preliminary plan would reduce the group’s funding through 2032, while leaving it with about 55,200 ZEC. Helius CEO Mert Mumtaz and Gemini co-founder Tyler Winklevoss criticized the proposal and questioned the committee’s accountability. ZCG said it would submit a full proposal for community consideration.
